Amstel Balanced Fund - May 2008

Van Leyen was won over to Malta after meeting the regulator after an acquaintance explained about the jurisdiction and suggested a trip to the island would be useful.

After three days spent meeting the MFSA, lawyers and various service providers, van Leyen was convinced this was the place to set up. He returned to the Netherlands and told his colleagues at Amstel: “Let’s try it. It sounds good and looks good.”

But van Leyen still had to convince the investors who put their money in the hands of

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